Emissions and Emerging Countries

It is well documented that the CO2 intensity (CO2 per unit of economic growth) of the world has improved.
However the level of emissions keeps going up, with recent increases mostly coming from emerging economies.
The reason? These countries have taken the burden of de-industrialisation by the developed world over the last 25 years.
As the chart shows – this has taken the form of a shift of carbon-intensive manufacturing of steel, cement, ammonia and plastics.
These goods are produced both for domestic needs but also for export to the developed world.
Sourced from the brilliant JPM Energy Outlook note.